Citi Readies Price-Shock Detection System
Once the bot is in production, the D10X team will start scaling it beyond the oil trading team to other trading desks.
Citibank’s corporate venture arm, Citi Ventures, is close to completing a proof-of-concept on a bot that provides event data from social media platforms that affects commodities prices.
The Price Shock Detection System (PSDS) bot was built by D10X, or Discover 10 Times, Citi Ventures’ internal program looking at new solutions for the bank and its customers. It uses artificial intelligence to sort and classify signals on a variety of features to present traders with information before
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